The CEFC contributed to important new investment across the Australian economy in 2023-24, in a year of considerable momentum for clean energy. At the same time, we sharpened our strategic investment focus to ensure the most effective use of our capital.
Investment update 2023-24
August 2024
CEFC teams were privileged to work with co-investors in 2023-24 on a series of landmark transactions to help Australia achieve net zero emissions by 2050. CEFC commitments of $1.8 billion backed investments with a total transaction value of $9.3 billion.
Read moreOur investment
The CEFC welcomed investor interest during the first year of operation for the Rewiring the Nation, Household Energy Upgrades and Powering Australia Technology Funds.
At the same time we maintained an investment focus on large-scale renewable energy generation and storage which are critical to economy-wide decarbonisation.
- We made 24 new and 18 follow-on transactions during the year.
- In attracting an additional $4.01 for each $1 of CEFC capital invested in 2023-24, the CEFC saw the impact of “crowding in’ investment in our net zero economy.
- CEFC lifetime commitments reached $14.5 billion across more than 350 large-scale transactions and 70,800 smaller-scale asset finance projects.
- Together with our co-investors, our investment activity saw the total value of lifetime commitments reach $58.4 billion.
At the end of another investment year, CEFC teams are buoyed by investor interest in net zero; the economy-wide commitment to emissions reduction and transparency and the exciting progress of technology and innovation in tackling global greenhouse gas emissions.Ian LearmonthCEO, CEFC
